674% Shiba Inu Burn Rate Surge: Why It Is Still Useless

Over 12 million Shiba Inu were destroyed in the last 24 hours due to what might seems a solid 674% increase in the burn rate. The idea that a decreasing supply should increase scarcity and consequently value may initially seem like a strong bullish signal. However, the numbers actually show something quite different: the burn surge is essentially meaningless.